There are more than 165 licensed child care providers in Kelowna and surrounding area. For various reason, that doesn’t always mean there are vacancies. Researching and planning for your child care in advance will definitely give you a better chance of getting your child into the program of your choosing. There are currently 62 providers showing vacancies across all age groups.
The Pulse: Kelowna Market Review June 2020
The real estate market in Kelowna and the Central Okanagan slowed to a crawl back in April along with markets across the globe. Throughout May we started to see more and more activity but sales remained down considerably over May 2019. June however has been a roaring month and I’m thrilled to report that we are back to seeing an increase in sales transaction year-over-year. And not just a little increase - June saw a 76% increase over May for a total of 483 residential properties sold!
5 Tips for Managing Your Kelowna Rental During The COVID-19 Outbreak
The Pulse: Kelowna Market Review December 2019
The real estate market in Kelowna and the Central Okanagan finished off 2019 on a high note! Residential sales are up once again in December compared to this time last year. Like last month the year-over-year increase for the month was substantial. There were a total of 271 transactions which was a 39.69% increase over December 2018. Condo sales lead this sales growth with 74 sales, up a whopping 60.87% from the 46 sales last year. This trend is very promising.
The Pulse: Kelowna Market Review November 2019
November was a surprising month for real estate in Kelowna and the Central Okanagan with the market experiencing a flashback to the days of November 2016 and 2017. We came out of October with slowing sales and softening valuations only to experience the absolute strongest year-over-year gains of 2019 with residentials sales up 32.97%! With 371 sales reported for the Kelowna real estate market that far exceeded the 279 sales in November 2018 and is literally sitting very close to 2016 and 2017 which saw 378 and 395, respectively.
The Pulse: Kelowna Market Review October 2019
The Kelowna real estate market (and Central Okanagan) experienced a typical October with slowing sales and softening valuations. Overall residential sales were in fact up by 1.59% year-over-year though which suggests that our market is relatively stable right now; not changing due to policy or economic factors but trending inline with the past 3-6 months and down slightly due to the time of the year. With that being said sales of single family homes dropped from the same time last year for the first time since June. There were 383 residential homes sold in October compared to 377 in October 2018.
The Pulse: Kelowna Market Review September 2019
September was a fantastic month for the real estate market in Kelowna and the Central Okanagan Valley. The crisp autumn air is definitely upon us but it’s almost as if real estate is heating up. Our market tends to slow down month-to-month as we move closer towards the end of the year and while that is true as well for this year, September sales were up 11.54% compared to September 2018 and for single family homes we actually saw more transactions than we did in both 2018 and 2017!
The Pulse: Kelowna Market Review August 2019
The Kelowna and Central Okanagan Valley continue to experience a strong real estate market. Whether this is due to reduce interest rates and the benchmark qualifying rate which has increased purchasing power or simply the fact that people want to buy in the Okanagan are anybody’s guess but the former surely have had their impact. Sales were up 7.92% over August 2018 with a total of 450 residential sales transactions.
The Pulse: Kelowna Market Review July 2019
The weather in Kelowna and Central Okanagan Valley has been unseasonal cool the past few week; the same can not be said for the local real estate market! The month of July proved to be the strongest month for sales so far this year, not only experiencing an uptick of 13.3% over last month but logging 18% more sales than July 2018. In fact, with 511 residential sales transactions, July saw the most sales in a month in nearly 2 years, since August 2017. The year started out much of the noise out there being negative, prices were down, sales were down, and the media was hyping it up. Year-to-date, sales are now down just under 10% from 2018 and values appear to be among the highest they’ve ever been. With 5 months left to go in 2019, we could easily see this year’s sales surpass that of last year’s.
The Pulse: Kelowna Market Review June 2019
The Kelowna and Central Okanagan Valley real estate market experienced another solid month of sales and new listings in what continues to be relatively balanced market overall. As usual for our market, sales were less than they were last month, nonetheless, we saw 451 residential sales recorded. This figure is also again down only slightly from last year as well but to a much lesser extent then the first 4 months of the year. Now halfway through the year, we’ve seen a total of 2183 sales compared to the 2540 sales in the first half of 2018. While this equates to 14% fewer sales year-to-date compared to last, I still describe this as a solid month because of how it compares to recent history; down only 6% from the 10-year average and having outperformed the 5-year period from 2009-2013.